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5292 North Lovers Lane Road

Updated Dec 4, 2024

NAI Greywolf Facilitates $9.3M Sale Of Mayfair Apartments In Milwaukee
SOLDMultiFamily

NAI Greywolf Facilitates $9.3M Sale Of Mayfair Apartments In Milwaukee

5292 North Lovers Lane Road

$9,300,000

Units

134

Asset Type

MultiFamily

Closing

Oct 27, 2023

About this deal

AI

The Mayfair Apartments in Milwaukee, located at 5292 North Lovers Lane Road, have been sold for $9.3 million. The multifamily property features 134 units with one- and two-bedroom layouts. With a per unit price of $69,403, this transaction represents a significant investment in the Milwaukee market.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $9,300,000
  • Units: 134
  • Price per Unit (PPU): $69,403
  • Date: October 27, 2023
  • Market: Milwaukee, WI

The sale of the Mayfair Apartments was facilitated by NAI Greywolf, a prominent brokerage firm in the area. The transaction was handled by brokers Katrina Gee and Thomas Gale from NAI Capital. Their expertise and experience in the Milwaukee market played a crucial role in the successful completion of this deal.

Players

Thomas Gale

NAI Global

Broker

$9.3M

vol

1 deal

Broker

Milwaukee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $69.4K per unit across 134 units on a published $9.3M (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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